Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Declares Quarterly Dividend of $2.79

Sociedad Química y Minera de Chile S.A. (NYSE:SQMGet Rating) announced a quarterly dividend on Monday, May 23rd, Wall Street Journal reports. Stockholders of record on Friday, June 3rd will be paid a dividend of 2.7872 per share by the basic materials company on Tuesday, June 21st. This represents a $11.15 annualized dividend and a dividend yield of 10.98%. The ex-dividend date is Thursday, June 2nd. This is an increase from Sociedad Química y Minera de Chile’s previous quarterly dividend of $0.06.

NYSE SQM opened at $101.49 on Tuesday. The company has a quick ratio of 3.43, a current ratio of 4.62 and a debt-to-equity ratio of 0.80. The firm has a market cap of $26.71 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 0.38 and a beta of 0.77. The company has a 50 day moving average price of $81.79 and a 200 day moving average price of $67.29. Sociedad Química y Minera de Chile has a 52 week low of $40.58 and a 52 week high of $101.58.

Sociedad Química y Minera de Chile (NYSE:SQMGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.97 by $0.16. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.01 billion. Sociedad Química y Minera de Chile had a net margin of 30.17% and a return on equity of 40.29%. On average, equities research analysts anticipate that Sociedad Química y Minera de Chile will post 6.11 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC purchased a new position in Sociedad Química y Minera de Chile during the first quarter valued at $47,000. Stonebridge Capital Advisors LLC lifted its holdings in Sociedad Química y Minera de Chile by 84.4% during the first quarter. Stonebridge Capital Advisors LLC now owns 2,300 shares of the basic materials company’s stock valued at $197,000 after purchasing an additional 1,053 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in Sociedad Química y Minera de Chile during the first quarter valued at $212,000. qPULA Trading Management LP acquired a new stake in shares of Sociedad Química y Minera de Chile in the first quarter valued at about $250,000. Finally, Ergoteles LLC acquired a new stake in shares of Sociedad Química y Minera de Chile in the first quarter valued at about $273,000. 19.99% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on SQM shares. Morgan Stanley lowered shares of Sociedad Química y Minera de Chile from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $58.00 to $70.00 in a research note on Thursday, March 31st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Sociedad Química y Minera de Chile from $98.00 to $122.00 in a research note on Friday. Jefferies Financial Group upped their price target on shares of Sociedad Química y Minera de Chile from $60.00 to $65.00 in a research note on Thursday, February 10th. StockNews.com started coverage on shares of Sociedad Química y Minera de Chile in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Finally, BMO Capital Markets upped their price target on shares of Sociedad Química y Minera de Chile from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, March 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Sociedad Química y Minera de Chile presently has a consensus rating of “Hold” and a consensus target price of $81.44.

About Sociedad Química y Minera de Chile (Get Rating)

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.

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Dividend History for Sociedad Química y Minera de Chile (NYSE:SQM)

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